The 5-cent coin that could be worth up to $1,100: How to identify it

Millions of coins of various denominations circulate in the United States every day, and some of these can be worth hundreds or thousands of dollars

There are millions of coins of various denominations circulating in the United States every day, and some of these can be worth hundreds or thousands of dollars. One such example is a five-cent coin that can sell for up to $1,100.

The value of a coin is determined based on three main factors: its rarity, the condition/grade of the coin, as well as the demand for that particular specimen.

Here are the characteristics of nickels that can be worth up to $1,100.

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The 5-cent coin that could be worth up to $1,100: How to identify it

In 2004 and 2005, the United States Mint commemorated the bicentennials of the Louisiana Purchase and the Lewis and Clark Expedition with the Westward Journey series of five-cent coins. The final coin in this series was the Ocean in View coin.

The obverse design features an image of Thomas Jefferson, which is based on the marble bust by French sculptor Jean-Antoine Houdon, completed in 1789, but was adapted to his presidential age.

The obverse also includes the inscriptions IN GOD WE TRUST, LIBERTY, and 2005. The inscription “Liberty” is based on Jefferson’s own handwriting. The face of the coin also includes the mint mark, which indicates which Mint produced it. In this case, a letter ‘D’ is visible, for Denver.

According to the Professional Coin Grading Service price guide, if you have one of these coins in good condition, you could sell it for up to $1,100.

Depending on the grade, the amount you could receive for an ‘Ocean in View’ nickel ranges from $5 for an MS-63 coin to $1,100 for an MS-67 coin, which is rarer.

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What to do if you have a valuable coin and where to sell it

If you think you have this or another example that may meet the criteria of rarity, good condition and high demand, you can go to a pawn shop or auction house where they might evaluate it and give you something in return.

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You can also search for specialized Facebook groups or check eBay.

On the Professional Coin Grading Service website you can also consult the specimens in detail and how much they have been sold for according to their condition.